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Save 14% On Gas Without Buying Any Gadgets! |
By:
Scott Siegel |
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Save 14% on gas without buying any gadgets!
by Scott Siegel
There is a way that you can save from 3% to 14% on gas purchases. This strategy requires no special gadgets or fuel additives and does not require you to change your driving habits or your car.
There are a number of alternatives that will result in savings. Among the best is the use of credit cards that offer rebates. By using the right cards you can lower your costs without having to change your driving habits or do any special maintanance on your car.
Gas companies still need to compete for your business. They don't compete on price so they have to use other methods. One method used from time to time is credit cards with rebates. The average card will rebate you 10% on your purchases at their stations. Included in those purchases are your purchases for gas. The 10% rebate is usually the first two or three months that you have the card and after that the rebate changes to 5% on your gas purchases thereafter.
For example currently BP has a credit card that will pay 10% for the first 60 days for BP gas purchases and 5% for BP gas purchases after 60 days. These cards generally offer 1% rebates on other purchases and can be used anywhere Visa or MasterCard is accepted.
The credit card explained above is specifically for BP branded stations. You can not have a rebate at other stations. Instead of a gas company card a general market card might be a good choice if you need to use many different branded stations.
Many credit card companies offer cards that have special rebate amounts for gasoline. For example: currently Discover Card is issuing a Discover Gas Card that will give you back a rebate of 5 per cent of the gas you purchase. It also gives you a 1 per cent rebate on other purchases.
Other companies that issue gas rebate cards are Chase and Citibank. Citibank has a gas credit card that provides a rebate of 6% for gasoline purchases for the first 2 months and then provides a 3% rebate thereafter. Chase has a program much like Citibank.
The credit cards that offer rebates only at specific branded stores and the general market cards have disadvantages and advantages. The credit card from the gas company pays the rebate only at the gas company's own stations. The general market card advantage is that you can use this card to buy fuel anywhere and you still get the rebate.
The general market credit card only pays 6% even at it's highest rebate, but the gas company issued card provides 10 percent rebate for the initial period. In this instance the advantage on the size of the rebate is with the gas company card.
That above strategy will get you a discount of 3 percent up to 10 percent. 3% is good and 10% is even better, but what about getting the savings up to 14%? There is a trick you can utilize to do that.
Here's how. Many gas companies offer pre paid gas cards or gas gift cards. In many cases these prepaid cards will offer a bonus or discount. For example in some cases you can purchase a $50 gas card for $48.
The card allows you to buy $50 worth of gas but you only pay $48 for it. That is equal to a 4% discount.
Now here is where the extra savings comes in. If you purchase the prepaid card using the gas company credit card during the initial period when you are getting a 10% rebate you will get a 10% rebate on the prepaid card.
Then if you are buying a prepaid card that gives you a 4% discount, the $50 dollar card for $48 cost, you are compounding your savings.
You are getting a 10% savings on the rebate and you are getting a 4% savings on the prepaid card. In total you are getting a 14% savings!
Scott Siegel has written a 143 page manual of automotive industry insider information on saving gas and dollars at the pump (beatthegaspump.com/. Visit us to learn how you can get better gas mileage. Find out how to increase gas mileage. This article is available as a unique content article with free reprint rights.
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Article Source: http://www.statssheet.com/articles/article53923.html |
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